Cyber insurance: A must have or the latest scam?
There has been a lot of talk about cyber insurance recently, and with the magnitude of the potential losses a company could face in the event of a major security breach, attack or system failure, it's no wonder organizations are looking for a way to protect themselves from the consequences. There are policies available to reimburse you for the cost of data loss, regulatory fines, hardware and software repair, lawsuits and even damage to your reputation. But is this type of insurance really a good investment. Is the risk high enough to justify the cost? This article in ComputerWorld goes into a lot of detail about the pros and cons: